RentData

Average Rent in Fitchburg, MA↑ Rents rising 8.6% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 861,664

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Fitchburg, MA has rental prices ranging from $1,323/month to $2,828/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,571/month — 12% above the national average of $1,400/month. With a median household income of $93,561/year, spending $1,571/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Fitchburg Compares

With an average 2-bedroom rent of $1,900/month, Fitchburg ranks #13 most expensive of the 22 cities tracked in Massachusetts — pricier than 96% of all US cities in our data.

The Fitchburg Rental Market

The Fitchburg, MA area has a population of about 861,664 and 34% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Fitchburg, MA have risen by $151/month (8.6%) over the past year, from $1,749 to $1,900. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Fitchburg, MA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $62,840. The local median household income of $93,561 exceeds that threshold by $30,721, making Fitchburg relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Fitchburg, MA is $399,752, giving a price-to-rent ratio of 17.5. With a break-even horizon of approximately 18 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2027
Studio
$1,323
Affordable
1 Bedroom
$1,571
Affordable
2 Bedrooms
$1,900
↑8.6% YoY
Affordable
3 Bedrooms
$2,419
Average
4 Bedrooms
$2,828
Average
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Median Home Value
$399,752
Source: Zillow ZHVI
Est. monthly payment
$2,128/mo
20% down · 30yr · 7%

Is Fitchburg, MA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$76,000/year
Local median income: $93,561
To buy a median home
$85,106/year
US national median: $75,000
💡 Based on a 2BR rent of $1,900/month and 20% down on a $399,752 home at 7% rate.

Nearby Cities in MAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Lawrence$1,677$1,809$2,367$2,820—
Lowell$1,659$1,831$2,383$2,878—
Brockton$1,678$1,842$2,409$3,015—
Boston$2,440$2,518$3,008$3,584—
New Bedford$1,297$1,305$1,668$1,987—
Providence$1,423$1,509$1,879$2,302—

Rent or Buy in Fitchburg?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Fitchburg data

$
Home Value
$399,752
2BR Rent
$1,900/mo
Mortgage Rate
7%
Monthly P&I
$2,128/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,944/movs rent: $1,900/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $399,752 home at 7% rate

20% — $79,950
3%50%
Estimated Monthly Payment
$2,128
per month · 30 years · 7% APR
Loan Amount
$319,802
Total Paid
$765,953
Total Interest
$446,151
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Fitchburg

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Frequently Asked Questions

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🏘️Neighborhoods in Fitchburg

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⚖️Rent vs Buy in Fitchburg

Is it cheaper to rent or buy here?

💵Rent Affordability in Fitchburg

Salary needed to afford rent here

🗺️All Cities in MA

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📋MA Tenant Rights

Deposit limits, eviction laws & renters protections